Answer:
Principal = 3500
Time = 8 years
We are given that compound quarterly
So, No. of compounds per year = 2
Rate of interest = 5%
Formula :
Substitute the values :
Interest = 3863.345 - 3500 = 363.345
Hence the total amount in an investment of $3500 that was compounded quarterly for 8 years at a rate of 5% is $3863.345 and the interest that was made on that account mentioned is $363.345
Answer:
this is the answer
Step-by-step explanation:
hope it helped!!!
<u>Given</u>:
The given expression to find the nth term of the sequence is
The first term of the sequence is
We need to determine the third term of the sequence.
<u>Second term:</u>
The second term of the sequence can be determined by substituting n = 2 in the nth term of the sequence.
Thus, we have;
Thus, the second term of the sequence is -40.
<u>Third term:</u>
The third term of the sequence can be determined by substituting n = 3 in the nth term of the sequence.
Thus, we have;
Thus, the third term of the sequence is 120.